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发帖数: 43 | 1 1. There has been a SUBSTANTIAL over-supply of lawyers in US for many years
2. The bubble in the bond/equity market from 2001-07 created lots of work
for US law firms. Consequently from 2001-07, many big-law jobs were created.
3. The mortgage-backed security market, including derivatives, collapsed in
2007-08, causing a significant amount of transaction-level legal work to
disappear. This resulted in the first round of big-law lay-off, in 2008.
Moreover, some law-firms died together with their | c*******i
发帖数: 951 | 2 The next bubble will be CO2-reduction-based securities. |
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